Impressive Growth in Cyprus Tourism Revenue: €223.3m in Q1 2024, Surging 11.7% YoY

Revenue from tourism reached an estimated €223.3m in January–March 2024, rising 11.7% compared to €200m in the first quarter of 2023, Cystat said.

Based on the results of its Passengers Survey, in March, revenue from tourism reached €113m, compared to €97.8m in the corresponding month of 2023, recording an increase of 15.5%.

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The average expenditure per person was €558.88 in March 2024 compared to €530.72 in March 2023 (up 5.3%).

Tourists from the United Kingdom, again Cyprus’ largest tourist market with 31.8% of the total in March, spent on average €73.49 per day, while tourists from Poland, the second largest market with 10.4% of total tourists, spent on average €75.86.

Tourists from Germany, the third largest market with 9.8%, spent on average €98.66 per day, while tourists from Greece with 9% of the market, spent on average €43.37 per day.

Finally, tourists from Israel, the fifth place on the market with 8.2%, spent on average €143.21 per day.

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Reevaluating Europe’s Transport Strategy Amid Global Energy Pressures

by THEFUTURE.TEAM

April 20, 2026

Transport challenges in Europe are intensifying as global energy market volatility and the crisis in the Middle East push fuel costs higher and increase economic uncertainty. EU Transport Minister Alexis Vafeades warned that the sector is approaching a critical point, calling for a coordinated response at the European Union level.

Coordinated Response In A Time Of Uncertainty

At a recent meeting in Limassol, representatives from EU Member States’ transport administrations convened to address mounting pressures on the sector. Minister Vafeades outlined a timeline that includes a videoconference on April 21 and further discussions at the Informal Council on April 27–28. Discussions will focus on rising fuel costs, risks of supply chain disruptions, and broader implications for connectivity across Europe.

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Economic Impacts And Inflationary Concerns

Although the European Union is not facing fuel shortages, instability in global energy markets is already affecting transport operators and businesses. Rising costs for diesel and jet fuel are placing pressure on operational budgets while contributing to broader inflationary trends.

Transforming Transport Policy For A Competitive Future

Cyprus, currently holding the rotating presidency of the Council of the EU, has placed transport policy at the center of its agenda. Minister Vafeades emphasized that transport now extends beyond mobility to include competitiveness, internal market efficiency, social cohesion, and climate objectives. This broader approach is aimed at strengthening resilience and ensuring stability amid external pressures.

Building Connectivity And Resilience

Permanent Secretary Marina Ioannou Hasapi reinforced the need for coordinated European action, noting that geopolitical uncertainty highlights the importance of preparedness and pragmatic policymaking. Ongoing disruptions, including airspace closures and developments affecting the Strait of Hormuz, continue to influence global oil markets. Ensuring stable supply chains and secure energy access remains a priority.

Current discussions at the EU level will determine how quickly member states can respond to rising fuel costs and potential supply disruptions. Outcomes from the upcoming April meetings are expected to shape short-term transport policy coordination across the bloc.

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